Wisconsin 1031 Exchange Requirements


Wisconsin 1031 Exchange Requirement

The four requirements for all wisconsin 1031 exchanges include:

  • The exchanger must reinvest 100% of the monies earned by the sale of the relinquished wisconsin property into the replacement wisconsin property or wisconsin properties.

  • The amount of equity ( wisconsin property value minus loan amount) held in any replacement wisconsin property must equal or exceed that held in any wisconsin property relinquished during the exchange.

  • Third, each wisconsin real estate investor must use a Qualified Intermediary (QI) to oversee the transaction. A QI is a qualified individual that prepares the paperwork, holds all proceeds from the transaction, and provides any technical advise on the exchange process.

  • Finally, all wisconsin 1031 exchanges require the exchange of like kind wisconsin property for other like kind property. A definition of such may be found in IRS 1031 tax code.

    For more information on wisconsin 1031 exchanges or wisconsin tic exchanges, or to be put in contact with a licensed wisconsin 1031 broker, contact us today!

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